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Take-Two Interactive (TTWO) Q3 earnings beat Street view; revenue up 5%

Gaming company Take-Two Interactive Software, Inc. (NASDAQ: TTWO) announced third-quarter 2022 results Monday after the closing bell, reporting earnings that exceeded expectations.

Take-Two Interactive Q3 2022 earnings infographic

Third-quarter revenues rose to $903.3 million from $860.9 million in the corresponding period of 2021. Net booking moved up 6% annually to $866.1 million.

However, net income decreased to $144.5 million or $1.24 per share in the December quarter from $182.2 million or $1.57per share a year earlier. Analysts had predicted a slightly weaker bottom-line performance.

Read management/analysts’ comments on Take-Two’s Q3 results

The company’s stock closed Tuesday’s regular trading higher but dropped during the extended session after the earnings announcement. It has gained 9% in the past six months.

Prior Performance

  • Take-Two reports Q1 2022 earnings results
  • Take-Two reports Q1 2021 earnings results

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